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PSSe can be used for steady state studies or dynamic simulation studies. Usually load flow studies are meant to be steady state studies.

The error messages displayed above will affect dynamic simulation studies only. If you want to run dynamic simulations, I suggest to re-install PSSe and let default Visual Studio dlls be installed. A Fortran compiler is needed only to compiled user-defined models in OBJ format or source format (or code in the conec,conet files).